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Why do stock markets negatively price democracy?

Bonaparte, Yosef - In: Journal of international financial markets, … 91 (2024), pp. 1-18

Persistent link: https://www.econbiz.de/10014494751

Stock market political cycles in a small, two-party democracy

Cahan, Jared; Malone, Chris B.; Powell, John Gregory; … - In: Applied economics letters 12 (2005) 12, pp. 735-740

Persistent link: https://www.econbiz.de/10003158108

Why The Stock Markets Negatively Price Democracy?

Bonaparte, Yosef - 2020

We utilize panel data on over 65 countries from the Economist Intelligence Unit about its Democracy level, measured by … between Democracy and stock market performance. Our results are robust clustering for countries’ characteristics. We … conjecture that the larger the space of the democracy, the greater the scrutiny and unrewarded excessive accountabilities on the …

Persistent link: https://www.econbiz.de/10014351939

The political sources of financial risk : lessons from a consensus democracy

Bechtel, Michael; Füss, Roland - 2007

Persistent link: https://www.econbiz.de/10003580348

Testing for infinite order stochastic dominance with applications to finance, risk and income inequality

Knight, John B.; Satchell, Stephen - 1999

Persistent link: https://www.econbiz.de/10001407264

Nachfrage- und Verteilungswirkungen von Wertpapierkursschwankungen

Jäckle, Joachim - 1991

Persistent link: https://www.econbiz.de/10000335778

Income Inequality and Stock Market Volatility

Blau, Benjamin M. - 2017

This study tests whether income inequality creates greater volatility in stock prices across a broad sample of countries. Contrary to the idea that inequality creates social and political uncertainty that is reflected in higher volatility, we instead find a negative association between...

Persistent link: https://www.econbiz.de/10012970396

Income Inequality and Asset Prices Under Redistributive Taxation

Pastor, Lubos - 2017

Our simple model features agents heterogeneous in skill and risk aversion, incomplete financial markets, and redistributive taxation. In equilibrium, agents become entrepreneurs if their skill is sufficiently high or risk aversion sufficiently low. Under heavier taxation, entrepreneurs are more...

Persistent link: https://www.econbiz.de/10012970829

Income Inequality and Asset Prices : A Cross-Country Study

Zhang, Yilin - 2013

In this paper I study the asset pricing implication of cross-country differences in income inequality. Using panel regression with year fixed effects, I document a strong negative relationship between cross-country stock market levels (as measured by each market's P/D ratio) and cross-country...

Persistent link: https://www.econbiz.de/10013091401

Does the stock market affect income distribution? : some empirical evidence for the US

Beltratti, Andrea; Morana, Claudio - In: Applied economics letters 14 (2007) 1/3, pp. 99-104

Persistent link: https://www.econbiz.de/10003448424